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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Sudani: Iraq cannot remain dependent on oil

    Rocky
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    Al-Sudani: Iraq cannot remain dependent on oil Empty Al-Sudani: Iraq cannot remain dependent on oil

    Post by Rocky Wed 14 Jun 2023, 2:17 pm

    Al-Sudani: Iraq cannot remain dependent on oil
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    Baghdad today - Baghdad
    Prime Minister Muhammad Shia al-Sudani affirmed today, Wednesday, during his meeting with a delegation of the Iraqi-American Business Council, that Iraq cannot remain dependent on oil.
     The media office of the Prime Minister said, received by (Baghdad Today), that "Al-Sudani received the delegation of the Iraqi-American Business Council headed by the President of the Council, Vice President of the American Chamber of Commerce for Middle East Affairs, Steve Lotus."  
    And the Prime Minister stressed, according to the statement, that "Iraq is qualified to be an attractive environment for the private sector and foreign companies, stressing that the government has taken a series of decisions to simplify procedures for investors, and work to address problems in this field."  
    The statement added, "Al-Sudani explained to the American delegation that Iraq enjoys security, political and social stability, and it is qualified today more than ever to be an attractive environment for investment and foreign companies, and Iraq has a real opportunity for success, and there is no alternative to peaceful coexistence and support for the state and its institutions," pointing out That " the Iraqi experience does not exist in the region at the level of local and parliamentary electoral representation, which indicates the vitality of the democratic system, and the government is aware of the size of the heavy legacy that began since the war of the eighties and caused negative effects in most sectors, so it has set five priorities in its program that it is working to achieve." ".  


    And he continued: "Iraq cannot remain dependent on oil, as the world is heading today to oil alternatives that will be ready after 2028, and countries of the world are spending billions of dollars for oil alternatives, especially after the war in Ukraine, and oil-dependent countries must prepare for alternatives," indicating That: Iraq possesses natural resources that have not been invested, and it is qualified to be an agricultural and industrial country due to its strategic location.  

    And he added, "The private sector is our real partner to achieve our vision, reduce time and find solutions to problems. We started investing in the burnt gas sector, which costs us $4 billion annually," explaining that "the Total agreement is one of the most important gas investment agreements and the development of oil fields, which will provide half of our gas needs." And there are contracts with Chinese and Emirati companies that will provide us with half of the gas we import, and we are  preparing to announce the sixth round of gas fields, which is happening for the first time in Iraq, in terms of natural gas investment, which  will provide us with important financial returns that will be employed in various sectors, and we will avoid the effects climate resulting from gas flaring.  

    He concluded by saying, "Iraq is keen on the presence of American companies in Iraq," noting that "the Ministerial Council for the Economy has representatives from the private sector who participate with the government in formulating decisions and procedures that would facilitate the work of investors in Iraq."
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